Calculating Economic Risk of a Warming Atmosphere

Oct. 1 (Bloomberg) -- Billionaire Tom Steyer, former U.S. Treasury Secretary Hank Paulson and New York Mayor Michael Bloomberg, founder and majority owner of Bloomberg News's parent Bloomberg LP, have joined forces to fund a study to calculate how much economic risk American industries and communities face from a warming atmosphere and more extreme weather patterns. This story will appear in the November issue of Bloomberg Markets magazine. Bloomberg's Edward Robinson reports. (Source: Bloomberg)
U.K. 1Q GDP Rises 0.3%
24:14 - The pound fell for a second day against the euro after a report on U.K. first-quarter growth matched the government’s previous estimate. The British currency erased an advance versus the dollar after the data, which showed gross domestic product grew 0.3 percent in the first quarter. Simon Rubinsohn, Chief Economist at the Royal Institution of Chartered Surveyors, discusses the news with Francine Lacqua on “The Pulse.”
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